{"id":33102,"date":"2023-01-29T20:02:00","date_gmt":"2023-01-29T11:02:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=33102"},"modified":"2023-01-29T17:25:38","modified_gmt":"2023-01-29T08:25:38","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e6%a0%aa%e4%be%a1%e3%81%af%e3%81%be%e3%81%a0%e4%b8%8b%e8%90%bd%e3%81%99%e3%82%8b%e3%80%81%e3%83%8f%e3%82%a4%e3%83%86%e3%82%af%e6%a0%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33102","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u682a\u4fa1\u306f\u307e\u3060\u4e0b\u843d\u3059\u308b\u3001\u30cf\u30a4\u30c6\u30af\u682a\u306f30%\u66b4\u843d\u3059\u308b"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cUBS\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672023\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>2023\u5e74\u306e\u682a\u5f0f\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u7c73\u56fd\u682a\u306f2022\u5e74\u306b\u4e0b\u3052\u76f8\u5834\u3092\u7d4c\u9a13\u3057\u305f\u5f8c\u3001\u5e74\u306e\u7d42\u76e4\u304b\u3089\u306f\u3042\u308b\u7a0b\u5ea6\u6a2a\u3070\u3044\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-33104\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306b\u304a\u3051\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u6e1b\u901f\u304b\u3089\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u5229\u4e0a\u3052\u306e\u624b\u304c\u5f31\u307e\u308b\u3068\u306e\u4e88\u60f3\u3082\u3042\u308a\u30012022\u5e74\u306b\u9ad8\u91d1\u5229\u3067\u4e0b\u843d\u3057\u305f\u682a\u5f0f\u5e02\u5834\u306f\u3084\u3084\u4e0a\u5411\u304d\u59cb\u3081\u3066\u3044\u308b\u3088\u3046\u306b\u3082\u898b\u3048\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32747\" data-type=\"post\" data-id=\"32747\">\u30a2\u30e1\u30ea\u30ab\u306e12\u6708\u30a4\u30f3\u30d5\u30ec\u7387\u306f6.4%\u306b\u6e1b\u901f\u3001\u30c9\u30eb\u5b89\u7d99\u7d9a\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u7c73\u56fd\u682a\u306b\u5f31\u6c17\u3067\u3042\u308b\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4f01\u696d\u5229\u76ca\u306f\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u601d\u3046\u3002\u666f\u6c17\u5f8c\u9000\u306b\u5165\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u6642\u671f\u306b\u306f\u975e\u5e38\u306b\u5178\u578b\u7684\u306a\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u4f01\u696d\u5229\u76ca\u306e\u4e0b\u65b9\u4fee\u6b63\u306f\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u308c\u304b\u3089\u3082\u7d9a\u304f\u3060\u308d\u3046\u3002\u307b\u3068\u3093\u3069\u306e\u4eba\u304c\u60f3\u50cf\u3057\u3066\u3044\u308b\u3088\u308a\u3082\u5927\u304d\u304f\u4fee\u6b63\u3055\u308c\u308b\u3002\u308f\u305f\u3057\u306e\u4e88\u60f3\u3067\u306f15%\u306e\u4e0b\u65b9\u4fee\u6b63\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f2023\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u666f\u6c17\u5f8c\u9000\u3092\u4e0d\u53ef\u907f\u306e\u3082\u306e\u3068\u307f\u306a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32970\" data-type=\"post\" data-id=\"32970\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u666f\u6c17\u5f8c\u9000\u5165\u308a\u306f\u4fdd\u8a3c\u3055\u308c\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u304c\u682a\u4fa1\u306b\u3069\u3046\u5f71\u97ff\u3059\u308b\u304b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u682a\u4fa1\u306e\u8a08\u7b97\u65b9\u6cd5<\/strong><\/p>\n\n\n\n<p>2022\u5e74\u306e\u5f37\u529b\u306a\u5229\u4e0a\u3052\u306e\u5f8c\u30012023\u5e74\u306f\u5229\u4e0b\u3052\u3082\u60f3\u5b9a\u3055\u308c\u3066\u3044\u308b\u4e2d\u3001\u5b9f\u4f53\u7d4c\u6e08\u304c\u5f31\u304f\u3068\u3082\u91d1\u878d\u7de9\u548c\u306b\u3088\u3063\u3066\u682a\u4fa1\u304c\u4e0a\u6607\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3082\u8003\u3048\u3089\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u666f\u6c17\u5f8c\u9000\u6642\u306b\u682a\u5f0f\u6295\u8cc7\u5bb6\u304c\u8003\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306f\u4f01\u696d\u5229\u76ca\u306e\u6e1b\u5c11\u3067\u3042\u308b\u3002\u4e8b\u5b9f\u30012023\u5e74\u306e\u4f01\u696d\u5229\u76ca\u306e\u4e88\u60f3\u5024\u306f\u53bb\u5e74\u7d42\u76e4\u304b\u3089\u3069\u3093\u3069\u3093\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u7d9a\u3051\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306f\u307e\u3060\u30d7\u30e9\u30b9\u6210\u9577\u3067\u4fdd\u305f\u308c\u3066\u3044\u308b\u304c\u3001\u682a\u4e3b\u306b\u3068\u3063\u3066\u3082\u3063\u3068\u91cd\u8981\u306a\u4f01\u696d\u5229\u76ca\u306f\u305d\u3046\u3067\u306f\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33086\" data-type=\"post\" data-id=\"33086\">\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u78ba\u5b9f\u306b\u6e1b\u901f\u3057\u3066\u3044\u308b\u30012022\u5e744Q\u30a2\u30e1\u30ea\u30abGDP<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3068\u3053\u308d\u3067\u682a\u4fa1\u306f\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u8a08\u7b97\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u682a\u4fa1 = 1\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca x \u682a\u4fa1\u53ce\u76ca\u7387<\/li>\n<\/ul>\n\n\n\n<p>\u7d14\u5229\u76ca\u306f\u8981\u3059\u308b\u306b\u4f01\u696d\u5229\u76ca\u3067\u3042\u308a\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f15%\u306e\u4e0b\u65b9\u4fee\u6b63\u3092\u898b\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3082\u3046\u7247\u65b9\u306e\u682a\u4fa1\u53ce\u76ca\u7387\u306f\u91d1\u5229\u306b\u5f71\u97ff\u3055\u308c\u308b\u3002\u3060\u304b\u3089\u91d1\u5229\u3068\u4f01\u696d\u5229\u76ca\u3092\u8003\u3048\u308c\u3070\u3001\u682a\u4fa1\u3092\u4e88\u60f3\u3059\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u91d1\u5229\u306b\u3064\u3044\u3066\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u308f\u305f\u3057\u306f\u5b9f\u8cea\u91d1\u5229\u304c\u4eca\u5e74\u524d\u534a\u306b\u304b\u3051\u3066\u6a2a\u3070\u3044\u3067\u63a8\u79fb\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u304b\u3089\u3001\u4f01\u696d\u5229\u76ca\u304c\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u308b\u306a\u3089\u3001\u682a\u4fa1\u306f\u4f01\u696d\u5229\u76ca\u3068\u540c\u3058\u3060\u3051\u4e0b\u843d\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3064\u307e\u308a\u306f15%\u306e\u4e0b\u843d\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3082\u3046\u4e00\u5ea6\u30c1\u30e3\u30fc\u30c8\u3092\u8f09\u305b\u308b\u3068\u3001S&amp;P 500\u3067\u8a00\u3048\u30703,400\u30c9\u30eb\u8fd1\u8fba\u307e\u3067\u4e0b\u304c\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-33104\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-s-and-p-500-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u30cf\u30a4\u30c6\u30af\u682a\u306f\u66f4\u306a\u308b\u4e0b\u843d\u306b<\/strong><\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30cf\u30a4\u30c6\u30af\u682a\u306b\u5bfe\u3057\u3066\u306f\u66f4\u306b\u53b3\u3057\u3044\u898b\u65b9\u3092\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30cf\u30a4\u30c6\u30af\u682a\u3084\u30df\u30fc\u30e0\u682a\u306f\u66f4\u306b\u5c11\u306a\u304f\u3068\u308230%\u306f\u4e0b\u843d\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30cf\u30a4\u30c6\u30af\u682a\u306b\u5bfe\u3057\u3066\u306f\u69d8\u3005\u306a\u898b\u65b9\u304c\u3042\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3082\u4e88\u60f3\u3059\u308b\u901a\u308a\u30012023\u5e74\u306f\u91d1\u5229\u4f4e\u4e0b\u304c\u60f3\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u91d1\u5229\u4e0a\u6607\u3067\u5927\u304d\u304f\u58f2\u3089\u308c\u3066\u304d\u305f\u30b0\u30ed\u30fc\u30b9\u682a\u304c\u5fa9\u6d3b\u3059\u308b\u3068\u898b\u308b\u5411\u304d\u3082\u5c11\u306a\u304f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3084\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u30cf\u30a4\u30c6\u30af\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30806\" data-type=\"post\" data-id=\"30806\">\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3001\u88fd\u85ac\u4f1a\u793e\u3068\u30b0\u30ed\u30fc\u30b9\u682a\u306e\u8cb7\u3044\u3067\u91d1\u5229\u4f4e\u4e0b\u3092\u4e88\u60f3\u304b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30764\" data-type=\"post\" data-id=\"30764\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u9285\u306e\u9271\u5c71\u4f1a\u793e\u3092\u58f2\u308a\u3001Amazon.com\u3092\u8cb7\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5e2b\u5f1f\u4e21\u65b9\u304c\u8cb7\u3063\u3066\u3044\u308bAmazon.com\u306e\u682a\u4fa1\u3092\u4f8b\u306b\u4e0a\u3052\u3066\u307f\u308b\u3068\u3001\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-amazon-com-nasdaq-amzn-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-amazon-com-nasdaq-amzn-chart.png\" alt=\"\" class=\"wp-image-33108\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-amazon-com-nasdaq-amzn-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-29-amazon-com-nasdaq-amzn-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b0\u30ed\u30fc\u30b9\u682a\u306f\u91d1\u5229\u4e0a\u6607\u306b\u5f31\u304f\u30012022\u5e74\u306f\u9177\u3044\u5f31\u6c17\u76f8\u5834\u3068\u306a\u3063\u305f\u304c\u3001\u91d1\u5229\u4f4e\u4e0b\u3092\u53d7\u3051\u3066\u6700\u8fd1\u306f\u5c11\u3057\u30ea\u30d0\u30a6\u30f3\u30c9\u306e\u5146\u3057\u304c\u898b\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306fFANG\u682a\uff08Facebook\u3001Amazon.com\u3001Netflix\u3001Google\uff09\u3084\u30b0\u30ed\u30fc\u30b9\u682a\u5168\u822c\u306e\u3053\u308c\u307e\u3067\u306e\u5024\u52d5\u304d\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u632f\u308a\u8fd4\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>2020\u5e74\u5f8c\u534a\u306b\u682a\u5f0f\u5e02\u5834\u306f\u30ed\u30fc\u30c6\u30fc\u30b7\u30e7\u30f3\u3092\u884c\u306a\u3044\u3001FANG\u3084\u30b0\u30ed\u30fc\u30b9\u682a\u304b\u3089\u8cc7\u91d1\u304c\u9003\u907f\u3057\u3001\u30d0\u30ea\u30e5\u30fc\u682a\u3078\u3068\u5411\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>FANG\u306f\u305d\u306e\u307e\u307e\u5b8c\u5168\u306b\u964d\u4f0f\u3057\u7d9a\u3051\u3066\u3044\u308b\u3002FANG\u306f\u4ed6\u306e\u682a\u5f0f\u3092\u5927\u304d\u304f\u30a2\u30f3\u30c0\u30fc\u30d1\u30d5\u30a9\u30fc\u30e0\u3057\u3066\u3044\u308b\u304c\u3001\u307e\u3060\u5341\u5206\u3067\u306f\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u91d1\u5229\u4f4e\u4e0b\u306e\u74b0\u5883\u3067\u3082\u30cf\u30a4\u30c6\u30af\u682a\u306b\u3068\u3063\u3066\u53b3\u3057\u3044\u5e74\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3088\u3046\u3060\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32780\" data-type=\"post\" data-id=\"32780\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u7269\u56fd\u50b5\u91d1\u5229\u306e\u8b66\u544a\u901a\u308a\u5229\u4e0b\u3052\u3059\u308b\u3001\u4e2d\u592e\u9280\u884c\u306f\u307e\u3063\u305f\u304f\u4e0d\u8981<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u8aad\u8005\u306f\u3069\u3046\u8003\u3048\u308b\u3060\u308d\u3046\u304b\u3002\u30bd\u30ed\u30b9\u6c0f\u3089\u306e\u3088\u3046\u306b\u3001\u91d1\u5229\u4f4e\u4e0b\u304b\u3089\u30cf\u30a4\u30c6\u30af\u682a\u306e\u5fa9\u6d3b\u3092\u8003\u3048\u308b\u306e\u3082\u5f53\u7136\u7406\u5c48\u306e\u3042\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u3061\u306a\u307f\u306b\u30cf\u30a4\u30c6\u30af\u682a\u306b\u95a2\u3059\u308b\u7b46\u8005\u306e\u610f\u898b\u306f\u6b21\u306e\u8a18\u4e8b\u306b\u66f8\u304b\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32468\" data-type=\"post\" data-id=\"32468\">\u66b4\u843d\u3057\u305f\u7c73\u56fd\u30cf\u30a4\u30c6\u30af\u682a\u306f\u5272\u5b89\u3068\u8a00\u3048\u308b\u304b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u524d\u304b\u3089\u66f8\u3044\u3066\u3044\u308b\u901a\u308a\u3001\u30cf\u30a4\u30c6\u30af\u682a\u3060\u3051\u3067\u306f\u306a\u304f\u4eca\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306f\u3001\u91d1\u5229\u4f4e\u4e0b\u306e\u30d7\u30e9\u30b9\u306e\u5f71\u97ff\u3068\u4f01\u696d\u5229\u76ca\u306e\u4f4e\u4e0b\u306e\u30de\u30a4\u30ca\u30b9\u5f71\u97ff\u306e\u4e21\u65b9\u3092\u53d7\u3051\u308b\u76f8\u5834\u3068\u306a\u308b\u3002\u7b46\u8005\u306f\u5168\u9762\u7684\u306b\u81ea\u5206\u306b\u6709\u5229\u306a\u76f8\u5834\u3067\u306a\u3051\u308c\u3070\u8ced\u3051\u306a\u3044\u306e\u3067\u3001\u7c73\u56fd\u682a\u306e\u7a7a\u58f2\u308a\u306f\u53bb\u5e74\u306e\u5185\u306b\u624b\u4ed5\u821e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306e\u4eca\u5e74\u306e\u30c8\u30ec\u30fc\u30c9\u306f\u91d1\u5229\u4f4e\u4e0b\u3068\u30c9\u30eb\u5b89\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31913\" data-type=\"post\" data-id=\"31913\">\u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u4ee5\u5185\u306b\u5229\u4e0b\u3052\u3059\u308b\u30012\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u958b\u59cb<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32025\" data-type=\"post\" data-id=\"32025\">\u65e5\u9280\u306e\u9577\u671f\u91d1\u5229\u306e\u5b9f\u8cea\u5229\u4e0a\u3052\u3092\u53d7\u3051\u3066\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3092\u958b\u59cb<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u7b46\u8005\u306f\u3084\u3063\u3066\u3044\u306a\u3044\u304c\u3001\u91d1\u5229\u4e0a\u6607\u304c\u898b\u8fbc\u307e\u308c\u304b\u3064\u4f01\u696d\u5229\u76ca\u3082\u6e1b\u5c11\u3059\u308b\u3067\u3042\u308d\u3046\u65e5\u672c\u682a\u306f\u3082\u3057\u304b\u3059\u308c\u3070\u7a7a\u58f2\u308a\u306e\u597d\u6a5f\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u4eca\u5e74\u3084\u308b\u306a\u3089\u3053\u3061\u3089\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32490\" data-type=\"post\" data-id=\"32490\">2023\u5e74\u306e\u65e5\u7d4c\u5e73\u5747\u306e\u63a8\u79fb\u4e88\u60f3: \u30c9\u30eb\u5186\u4e0b\u843d\u3068\u91d1\u5229\u4e0a\u6607\u3067\u4e8c\u91cd\u82e6\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u540c\u3058\u4f01\u696d\u5229\u76ca\u3068\u682a\u4fa1\u53ce\u76ca\u7387\u306b\u3088\u308b\u682a\u4fa1\u306e\u4e88\u60f3\u3092\u3001\u540c\u3058\u50b5\u5238\u6295\u8cc7\u5bb6\u3067\u3042\u3063\u305f\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u3082\u3084\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u6bd4\u8f03\u3057\u3066\u307f\u3066\u3082\u9762\u767d\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32062\" data-type=\"post\" data-id=\"32062\">\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306e\u7c73\u56fd\u682a\u306e\u63a8\u79fb\u4e88\u60f3: 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Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cUBS\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672023\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,111],"tags":[131],"class_list":["post-33102","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=33102"}],"version-history":[{"count":20,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33102\/revisions"}],"predecessor-version":[{"id":33124,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33102\/revisions\/33124"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=33102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=33102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=33102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}